The Cyprus Investor Immigration Pathway: An In-depth Overview
Unveiling the Charm of the Cyprus Investor Immigration Permit:
Swift Process: The Cyprus immigration scheme stands out for its efficiency. Once you've submitted your application, expect to receive feedback within 2-6 months.
Lifetime Residency Promise: The Cyprus Investor Immigration Permit is unparalleled in Europe. It offers an indefinite residency with no periodic renewals – truly a unique proposition.
Flexibility in Stay: Not ready to shift immediately? No worries. The only stipulation is that you visit the beautiful island at least once every two years.
Experience Cypriot Life: Cyprus, a gem in the Mediterranean, is amongst the world’s safest havens. With an international community, top-tier education, healthcare, infrastructure, and a sun-kissed climate, it's an idyllic place to reside.
Perks for Residents: Should you choose to reside in Cyprus, you and your family become eligible for public services, including healthcare and education.
A Family Affair: This isn't just about you. The permit is extendable to your immediate family – spouse or civil partner and children.
Stepping Stone to EU Citizenship: Reside in Cyprus for a mere 5 years, and the doors to EU Citizenship swing open. This EU passport will then offer a plethora of benefits for you and your children under 18.
Are You Eligible? A Quick Checklist:
Be a non-EU, non-EEA, and non-Swiss citizen.
Aged 18 or older.
Possess a spotless criminal record, both from your residence country and origin country.
Have a stable annual income of at least €50,000 originating from abroad. Add €15,000 for a spouse and €10,000 for every additional dependent.
There are no educational, work skills, or language prerequisites.
Who's Coming Along?
Your spouse and children under 18 are automatically included.
Financially dependent children between 18-25 can join, given certain conditions.
Financially independent adult children also have a pathway, under specific monetary guidelines.
Investment Opportunities Begin at €300,000: Choose Your Path
Residential Real Estate: Focus on a house or apartment. Remember, it needs to be a first-time purchase from a developer. You're allowed up to two distinct units.
Diverse Real Estate Investments: Whether it's offices, shopping complexes, hotel properties, or mixed-use real estate, there's flexibility as long as the combined value hits €300,000 (either new or resale).
Corporate Equity: A €300,000 stake in a Cypriot company’s share capital. This company should be registered, operational, and have at least five local employees in Cyprus.
Dive into Investment Units of a Cyprus Investment Organization of Collective Investments: Look towards units from recognized Cyprus Investment Organizations like AIF, AIFLNP, RAIF, and more.
A Special Mention: If you're leaning towards options B, C, or D, a portion or all of your stipulated annual income can be derived from these investment activities within Cyprus.
Our Promise: Seamless Transition to Cyprus
Decide and Commit: Begin your Cypriot journey.
Documentation: We'll guide you in collating and preparing the necessary paperwork.
Seal the Investment: Complete the investment that resonates with you.
Await Approval: Our team follows up diligently with authorities.
Collect Your Permit: Once approved, we coordinate for your permit collection.
Life Post-Acquiring the Permit:
Applicants are granted lifelong residency in Cyprus, with the simple condition of visiting the country at least once every two years.
Should you choose to live in Cyprus, another privilege awaits. After a consistent residence of over five years, you become eligible to apply for Cyprus Citizenship. As Cyprus is a member of the European Union, its citizenship offers an array of advantages. These encompass the freedom to live, work, and study anywhere within the EU, as well as visa-free travel to more than 170 countries. Furthermore, upon securing Cyprus citizenship, your children below 18 years also become eligible to acquire it.
The content of this article is valid as of the date of its first publication. It is intended to provide a general guide to the subject matter and does not constitute legal advice. We recommend that you seek professional advice on your specific matter before acting on any information provided. For further information or advice, please contact Klitos Platis by email at klitos@kleanthousplatis.com.